Blockchain

CRYPTOCURRENCY BLOCKCHAIN

How Does Blockchain Work?

By NATHAN REIFF

For investors new to the cryptocurrency world, one of the most overwhelming and confusing aspects can be blockchain. Blockchain technology is what powers and supports the digital currency space, and many analysts believe that it contains numerous viable applications and uses beyond cryptocurrencies as well. You may have heard about financial institutions and even mainstream corporations around the world exploring ways that they can integrate blockchain technology into their traditional practices. Beyond that, though, it can be a bit of a mystery as to what blockchain is exactly and as to how it works. Below, we'll explore the ins and outs of blockchain, providing an overview of this technology, how it works with regard to cryptocurrencies and other potential applications and why it may be one of the most revolutionary inventions since the internet.